Fewer Marriages

Demographical factors play a significant determination in marriage trends. Younger people tend to be waiting longer before getting married, while some are forgoing marriage all together.

The U.S. Department of Health & Human Services follows tracks the number of marriages and divorces nationwide. The department’s most readily available data showed that the marriage rate has dropped from 8.2 in 2001 to 6.9 in 2015, meaning a 15% drop in marriages over a 14-year period. Consequently, the data also revealed that the divorce rate has averaged about 49% of the marriage rate, meaning that for every two marriages, one ends in divorce. Many believe that the financial implications on the economy, families, and society are far greater than originally expected.

Source: U.S. Department of Health & Human Services